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Although 2013 figures are not yet in, one in five sales of Florida homes was to a non-resident foreigner the previous year, per the National Association of Realtors. Canadians remain as the leading buyers, followed by the Germans, British and the French. But the recent influx of Brazilians, Venezuelans and Argentines indicate our reputation is…
Florida’s population is now growing so quickly that the Sunshine State could soon overtake New York as the nation’s third most populous state. Florida’s economic momentum “begins and ends with net in-migration” claims Moody’s Analytics. Florida historically grows its population by 2% per year, more than double the national average of just under 1%….
Those economists who closely watch Florida are convinced that the state will lead the nation’s emergence from the Great Recession. That came after state government reported that the jobless rate in Manatee, Sarasota and Charlotte counties eased again in November, dropping to 6.2%. That marked the lowest reading since the start of the economic slowdown….
Retiring baby boomers and the dwindling supply of available units has spurred interest in new downtown construction, a trend not seen since the Great Recession took hold seven years ago. Some of these announced projects include: The Jewel – an 18-story luxury residence at the foot of Main and Gulfstream. The Q – 39 residences…
In Sarasota/Bradenton, 895 single family units began construction in the first quarter of 2013. This represents an increase of 70.5% compared to last year’s rate of 525 units. Per Tony Polito (Metro Study News) “we initially anticipated between 7 and 15% growth in housing starts above 2012 or somewhere between 2,600 and 2,850 new housing…
For the first half of 2013, sales are up 13.8 percent over last year at this time. Prices are up too – some 19% on single family homes in the last 12 months. Why? Consumer confidence in our market is growing; the northern markets are finally showing better signs of recovery (providing more retiree demand),…
Will Our Local Housing Market Continue to Strengthen in the New Year? The answer is a resounding yes. And we can say this for a number of reasons. “Florida Infusion” was the headline in the January 6 edition of The Sarasota Herald-Tribune. The Florida Office of Economic Research predicts more that 171,000 people are expected to…
“No one wants to catch a falling knife.” As we drove around looking at property, this was the philosophy one Canadian shared with me regardinghis take on the average buyer. “Once it clangs on the floor, everyone will know it has hit bottom and then everyonewill scramble to buy.” His own strategy was different. He…
